Big Macro, BP’s Big Payout

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4.7 • 1.7K Ratings

🗓️ 2 July 2015

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Unemployment drops to 5.3%, which gives us a chance to discuss the Big Macro. We also analyze BP’s $18.7 billion settlement over the Deepwater Horizon disaster, Whole Foods Market’s apology for overcharges at its NYC locations, and Independence Day.

Transcript

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0:00.0	It's Thursday, July 2nd.
0:03.3	Welcome to Market.
0:04.3	I'm Chris Hill joining me in studio today
0:06.2	from Motleyful1, Morgan Housel,
0:08.0	and from Fool.com, senior energy analysts.
0:10.9	And one of the hosts of our industry focus podcast, Tyler Crow.
0:14.0	Thanks for being here guys.
0:15.0	How you doing?
0:16.0	Happy Thursday.
0:17.0	It's a crossover episode.
0:18.0	It's like, I don't know, like one of those shows where like the
0:22.0	do it wasn't there a crossover episode where like the people from ER showed up on an episode of friends
0:27.3	That seems like a really 90s thing I know it happens as much as it does today as it did back then.
0:32.7	Well, I'm old, Tyler.
0:34.0	So once again, I'm dating myself.
0:37.2	We've got BP in the news.
0:39.4	We've got Whole Foods in the news, but let's start with the big macro. The market is closed on Friday,
0:46.7	so the jobs report for June came out today.
0:50.4	Two hundred twenty three thousand jobs added for the month Morgan a little bit higher than expected
0:54.8	unemployment falls slightly to five point three percent lowest mark in seven years.
1:00.6	It's all great everything is great now right?
1:02.1	We're good we can just go home now.
	...

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